Which app is best for option trading in India?
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- Updated On:20-Sep-2022
- Replies:1
Short Answer
Zerodha Kite is the best app for options trading in India. It is the preferred option among all traders due to its superior features and tools.
Detailed Answer
What is option trading?
Option trading is typically characterized by the short-term buying and selling of financial instruments such as stocks, commodities, currencies, bonds, and other financial instruments. This is primarily to make profits from the short-term movements in the prices of these securities.
Therefore, traders essentially profit from volatility. In order to identify profitable trading opportunities, trading systems or chart-based methods are frequently used.
Reasons for Selecting The best Option Trading App
- Volatility: Trading is a high-volatility game. One sudden change in price can wipe out all of one's capital. Therefore, the trading app should allow users to place a stop loss, an exit, and an order execution all with a single click. .
- Multiple Trades: Since traders typically execute multiple trades per day in order to maximize their profits, the app broker should charge the least amount per execution.
- Chart Study: Before placing any order in trading, proper technical analysis is required, so the app should have the proper tools for technical analysis.
Best Option Trading App -Crucial Factors to Consider
- A Simple interface
- Rating & Reviews
- Reliability
- Brokerage per executed order
- Tools and indicators
- Easy and quick order placement
- User friendly
- Great customer support
Which app is best for Option Trading in India?
After carefully weighing all the factors, it seems Zerodha Kite as the best options trading app in India. It possesses almost all of the requisite features of a good app.
Why Zerodha Kite is best for Option Trading?
- Android Ratings: 4.3/5 stars
- Android Downloads: 10M+
- iOS Ratings: 3.1/5 stars
- Reliability: More than 10 years of track record in this business
- Brokerage per executed order: For trading, a flat fee of Rs. 20 or 0.03% (whichever is lower).
- Tools and Indicators: Over 20+ drawing tools are available along with ChartIQ.
- User-friendly: Easy to use with the simplest UI.
- Advanced features of Zerodha Kite:
- Advanced order types like brackets and covers.
- Can exit multiple orders/positions in one click
- Multiple chart view
- Instant trade alert
- Customer support: Can all anytime between 9:00 AM to 3:30 PM for your queries
Best App for Option Trading in India
After weighing all the relevant factors, we have rated Zerodha Kite as the best app for option trading in India. However, do your own research and pick the best broker for your needs before investing with anyone.
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Discussion (0)
I was just going through some stock broker reviews. So, I thought of sharing my opinion, A side by side Comparison of two popular stock brokers: Sharekhan vs. Zerodha.
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Zerodha is the best broker for options trading in India because of the minimal per-order charges, advanced tools for technical analysis, features for placing a stop loss, bracket orders, and many more.
Sensibull and Opstra, which is better depends largely on your trading needs: Sensibull is better suited if you want a simpler, more beginner-friendly tool with good strategy building, educational content, and moderate cost. Opstra is better for experienced or professional option traders who need granular analytics, backtesting, intraday data, volatility surface/skew, and want tools that can handle complex strategies.
Wise is one of the cheapest ways to send money internationally as compared to other available options in India. The only limitation of Wise is that it does not integrate with e-commerce online payments.
Discount brokers have gained a lot of popularity in the past couple of years. Zerodha is currently India's largest and most trusted discount broker which is also the best option for beginners. It has all the necessary qualities required for a good broker like low commissions, low-maintenance charges, high-quality trading terminal, etc.
When talking about the best stock broker in India, we cannot rule out Zerodha. It is the market leader in bargain stockbroking, is premised in Bengaluru, and accounts for more than 15% of total retail trading activity in the country. Mr. Nitin Kamath formed the leading brokerage firm in 2010 Kamath, and it now has a customer base of over 6 million.
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